Downtown Mill Valley Retail/Office
30 Miller Avenue Mill Valley, CA 94941
30 Miller Avenue, Mill Valley, CA, 94941
$2,050,000
For Sale
$2,050,000
Premier Mill Valley retail/office building with strong tenant demand.
Property Size3,431 SF
Lot Size0.07 Acres
Price / SF$597.49
Days on Market304
Property Features for 30 Miller Avenue
General Information
- Standard status
- Active
- Size
- 3,431 SF
- Lot size
- 0.07 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1928
Listing Agency
ENGEL & VOELKERS SAN FRANCISCO
(415) 689-8592
Listed by
MICHAEL B JOHNSTON
Source
Corcoran
Added: Sep 19, 2025 Checked: Jul 19 at 3:44 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ENGEL & VOELKERS SAN FRANCISCO
Investment Insights
Based on property information with market context.
Located in the heart of downtown Mill Valley, 30 Miller Avenue is a 3,431 SF single-story building presenting a retail/office investment opportunity. The property is fully leased, featuring a retail suite occupied by a clothing boutique and four individual office suites at the rear. The location benefits from consistent foot traffic within one of Marin County's affluent communities. The property has been meticulously maintained, with recent capital improvements including new HVAC systems, an updated facade and retail paint, fresh awnings, water heater replacement, skylight film upgrades, and roof treatment. Rooftop solar panels, installed in 2014, reduce operating costs and support long-term efficiency. This property combines stability and charm with in-place income and future upside.
Key Highlights
- Prime downtown Mill Valley location with high foot traffic.
- Fully leased building with a successful retail tenant and four office suites.
- Recent capital improvements including new HVAC systems, updated facade, and roof treatment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.9k | $36.12 |
| − Vacancy | −$31.5k | −$9.17 |
| EGI | $92.5k | $26.95 |
| − OpEx | −$23.1k | −$6.74 |
| NOI | $69.3k | $20.21 |
3,431 SF · lease $36.12/SF/yr · vacancy 25.40% · expense 25.00%
Alternative Uses
Best Use
Retail
$15.64M
$13.69M – $18.25M
NOI $1,094,923 @ 7.0% cap · market cap 53.41%
Second Best
Office B
$990.5K
$866.7K – $1.16M
NOI $69,338 @ 7.0% cap · market cap 3.38%
Theoretical Best
Specialty Retail
$16.76M
$14.66M – $19.55M
NOI $1,173,132 @ 7.0% cap · market cap 57.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rutchic Jonathan S ...
Physician
Outback In the Temple of Venus
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Premier Mill Valley retail/office building with strong tenant demand.
Where is this retail space located?
The property is located at 30 Miller Avenue Mill Valley, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: Prime downtown Mill Valley location with high foot traffic.; Fully leased building with a successful retail tenant and four office suites.; Recent capital improvements including new HVAC systems, updated facade, and roof treatment.
